US-North Korea standoff could spark economic war with China
The escalating saber rattling between the U.S. and North Korea has raised the prospects of an economic confrontation between America and China.
At issue are a series of sanctions against Pyongyang designed to convince North Korean leader Kim Jong Un to curb his ambitions to develop a nuclear missile capable of striking the U.S. mainland.
But those measures have had little impact on the increasingly bellicose stand-off, and on Thursday President Donald Trump repeated his complaint that Beijing needs to lean harder on Pyongyang to defuse rising tensions.
"I think they can do a lot more and I think they will do a lot more," the president told reporters. "We lost hundreds of billions of dollars a year on trade with China. They know how I feel. It's not going to continue like that."
On Tuesday, Trump threatened to inflict "fire and fury" on North Korea if it continues to pursue its nuclear weapons program. A recent series of successful North Korean test launches were matched Wednesday by Kim's threats to launch a missile at the U.S. territory of Guam.
Though China has taken some steps to curb imports from North Korea, exports rose by nearly 30 percent in the first half of this year, according to Chinese customs data . During the six-month period, overall trade flows across the North Korean-China border rose 10 percent to $2.65 billion.
That's why critics of the existing North Korean sanctions say the measures don't go nearly far enough in cutting off the flow of cash and goods to the Pyongyang regime.
If the idiots in the media would step back and take a look at the long term strategy being used......oh, never mind. You can't expect idiots do to the smart or right thing.
So what would China do stop making stuff for us.
If that happens Ivanka wont be able to sell her panties there!!! Not going to happen!!!
Bring it on, good luck getting the money we owe you back.
I cannot tell the difference between Kim Jong Un & most democRats! ~ Identical the way they hate our leader and our country!.. Very sick people.
the fricking DEMOCRATS are holding up all the appointments - so DEMOCRATS are responsible - as usual - for the higher tensions with NK.
"We lost hundreds of billions of dollars a year on trade with China. They know how I feel. It's not going to continue like that."
What kind of stupid statement is it? Does he say that the US businesses, including himself, did not know how to do businesses so that we lost hundreds of billions of dollars a year? Which business school did he go to?
-Cold Hard Truth
Since China holds billions of dollars in US debt, they will not fare well in an economic war.